$ 6,975,000
5544 MCLEOD ROAD Niagara Falls, ON L2G3E3
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$ 6,975,000
Est. payment | /mo
9,075 SqFt
$ 6,975,000
Est. payment | /mo
9,075 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,075 sqft
Price per Sqft $768
MLS® Listing ID X8060196
Originating Board Toronto Regional Real Estate Board
Property Description
Harvey Kalles Real Estate Ltd., Brokerage & High Point Realty Limited are pleased to present a prominent gateway motel property with future mid-to-high density residential development potential. Located in the Tourist Core of Niagara Falls at the corner of Stanley Ave & McLeod Rd, between Marineland and the hotel-entertainment core, the existing non-operating 2 storey motel, in need of rejuvenation, contains 23 motel units and has a 3-bedroom office/residence. In-place zoning permits a range of Tourist Commercial Uses. A mixed-use development concept by Zeidler Partnership Architects for 245 res units/22 floors with podium retail commercial has been presented to the City. The site provides a unique opportunity to pursue a mid-rise or high-rise rezoning for greater heights or to restore/expand the existing model. As is where is sale. Parcels can be purchased separately (Motel Parcel: $4,975,000 / Vacant Land Parcel: $2,000,000) conditional upon Muncipal Technical Severance Consent. Property being sold in an As is Where Is Condition. **** EXTRAS **** 1.5+/- acres site consists of 2 land parcels.Survey, Geotech, Phase 1, 2 & Record of Site Condition reports are avail.HST is in addition to list price & sole responsibility & expense of the Buyer.Property Tax amt subject to confirmation. (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 23
Private Pool No
Listed by HARVEY KALLES REAL ESTATE LTD.
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Andy Katoch
Agent | License ID: LDKATOCAN